amazon cloud computing

News

Amazon tumbles

Amazon tumbles after cloud computing growth disappoints investors

By Aditya Soni and Kanchana Chakravarty (Reuters) -Amazon.com shares fell about 7% on Friday as the tech giant's results fanned investor fears its cloud unit was falling behind Microsoft and Alphabet in the artificial intelligence race.

Fast Company · 5d

Amazon’s profit outlook overshadowed by cloud computing results

The tech giant expects total net sales to be between $174.0 billion and $179.5 billion in the third quarter, compared with analysts’ average estimate of $173.08 billion.

CNBC on MSN · 3d

Amazon sinks over 8% as AWS disappoints, trails cloud rivals

CNBC’s MacKenzie Sigalos reports on Amazon’s sharp stock drop despite an earnings beat, as AWS lags behind Microsoft and Google in year-over-year cloud growth.

13hon MSN

I Can't Lie, I'm Excited About Amazon Stock After Its Recent Earnings Report. Here's Why.

I Can't Lie, I'm Excited About Amazon Stock After Its Recent Earnings Report. Here's Why. Most investors are coming to the ...

Tech Xplore13h

Why is Microsoft soaring while Amazon sinks? AI growing pains

Microsoft had reported stellar financial results and strong growth that could be connected to artificial intelligence. After the market closed, extended-hours trading shot Microsoft's share price up ...

5don MSN

Dominance of Amazon and Microsoft in cloud harming competition, UK says

The dominant position of Amazon and Microsoft in cloud computing is harming competition, with their impact exacerbated by ...

1don MSN

Is the Dip in Amazon Stock a Buying Opportunity, or Should Investors Run for the Hills?

Overall, Amazon's revenue climbed by 13% to $167.7 billion, which came in well above the $162.1 billion analyst consensus, as compiled by London Stock Exchange Group (LSEG). Adjusted earnings per ...